Iran Energy Trade with Neighbors to Increase: Oil Minister

Iran Energy Trade with Neighbors to Increase: Oil Minister

TEHRAN (Tasnim) - Iran’s oil minister said his ministry is pursuing plans to increase the country’s share in the energy trade with the neighboring states.

Javad Owji made the comments on the sidelines of a cabinet meeting on Wednesday and said that his ministry has attached great importance to the energy diplomacy.

He noted that the ministries of oil and foreign affairs have done their utmost to strengthen the energy diplomacy, SHANA reported.

Iran’s share in importing, transiting, and swapping gas in the region is on upward trajectory, he said, adding that the administration has completely paid the debt Iran owed to Turkmenistan for the gas imports.

“During the past 20 months, oil, gas, refining, and petrochemical sectors have witnessed (good) developments, including moving toward (construction of) refineries beyond borders for the first time after the Islamic Revolution. We use the extraterritorial capacities to process oil, prevent crude selling of raw materials, and create higher added value,” the minister stated.

He finally stressed that the oil products cannot be sanctioned as the world heavily needs them.

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